As a business, it’s crucial to show a duty of care to your employees to truly maximise their work ethic, sustain their motivation and capitalise on their potential
Group Life Insurance, or “Death in Service” is a vital benefit which allows your business to make employees feel valued, building trust by offering them the opportunity to protect their family’s future.
Group Life insurance allows your business to benefit from:
A high-quality life insurance, non-exclusive of smokers or those with previous health concerns
Tax-Free premiums and cash lump sums
And, the upper hand within an increasingly competitive marketplace
Group Life Insurance has changed over the years. With the advent of auto-enrolment, many businesses now provide Group Life Insurance as a standalone benefit, rather than the policy being part of a company pension scheme.
In the event of an employee on your scheme should suddenly die, a cash lump sum would be paid out directly to their family to secure their future, and provide financial support!
Costing no more to your company than 0.5% of a person’s salary, Group Life Insurance is one of the most popular benefits for both employers AND employees!
Your Group Life Insurance can be customised by:
Setting the entry criteria and eligibility (by years of service, position, or salary!)
Cover your employees for either 2, 4, 6 or even 10 times their salary!
Or cover your employees with a flat rate; a set amount which is paid out to any claimant!
Before advising on Group Life, we would look at the following factors;
The number of employees you have
The type of industry you work in
The level of benefit required
This allows us to help you to make the most out or your policy!
So remember; a valued employee is a productive employee – show them you care by giving them the opportunity to help protect their family’s future, today!
Call us now on 0116 366 6866, or email us at [email protected] for more information!